Bankruptcy and family trusts When bankruptcy and family trusts intersect, and one of the trustees or beneficiaries files for bankruptcy, the other interested parties may be left wondering where they stand. Establishing family trusts can be an effective way to protect family assets should one of the beneficiaries become bankrupt. In doing so, it …
Bankruptcy and Child Support: What You Need to Know If you are considering declaring bankruptcy and are currently paying child support, it is vital to understand how bankruptcy and child support interact and what your ongoing responsibilities are. When people find themselves in dire financial straits and can no longer meet their financial commitments, …
Trustee in Bankruptcy Family Law During the current economic climate, more and more people are asking what happens with a trustee in bankruptcy and family law proceedings. You may be considering declaring bankruptcy to help move forward from unmanageable debt. For most people filing for bankruptcy, one of the most common concerns they have …
Bankruptcy and Family Law: What Happens If My Ex Becomes Bankrupt? If your ex becomes bankrupt, it is crucial to know how bankruptcy and family law intersect and what financial impact their bankruptcy will potentially have on you and your children. With many Australians currently finding themselves out of work, the incidence of people …
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